March 19 (Bloomberg) — U.S. stocks fell for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank's stimulus program could end this fall and benchmark interest rates could rise six months later.
Walt Disney Co., General Electric Co. and Boeing Co. lost at least 1.5 percent to lead the Dow Jones Industrial Average lower. Consolidated Edison Inc. led utilities to the biggest declines among 10 groups in the Standard & Poor's 500 Index.
The S&P 500 slipped 0.8 percent to 1,857.57 at 3:28 p.m. in New York. The Dow Jones Industrial Average slid 135.4 points, or 0.8 percent, to 16,200.79. Trading volume for S&P 500 stocks was 6.2 percent below the 30-day average at this time of day.
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